Taking too long? Close loading screen.
Compare over 20 mortgage insurance policies in as little as 5 minutes.
With PolicyHub you get to compare over 20 mortgage insurance policy providers in as little as 5 minutes. Save time. Save big. Get started now.
Compare over 20 top providers in Bexley, OH
Your one-stop-shop to compare all the rates, all at once.
With PolicyHub you get:
Over 20 policy provider comparison.
Explore multiple Bexley, OH policies from all the leading insurers and choose the one that fits your needs.
Locked in rate discount and exclusive deals.
Benefit from exclusive deals offered only to residents of your state, and lock in huge rate discounts.
Customized policies just for you.
Our team tailors policies to your unique needs, meaning optimal coverage at competitive rates.
"I was totally lost trying to find the right mortgage insurance until I found PolicyHub. I was able to work with a licensed agent to compare all my options all at one. I got the perfect plan for me at a cheaper rate than I expected."
Barbara Winters
Policy Holder
ATTN: 2024 rates just released!
Get the latest mortgage insurance rates for 2024 and lock in your policy today! Get started comparing policies today.
Get the perfect plan with the cheapest rates in 3 easy steps.
Done in 3 easy steps
Step 1
Tell us about yourself.
Finding the perfect mortgage insurance policy starts with answering a few questions to help us serve you better.
Step 2
Compare rates & plans with a pro.
Discuss your options with a licensed insurance agent. Compare different plans to find the best policy with the cheapest rates.
Step 3
Lock in cheap rates.
Secure the lowest rates and lock in the perfect mortgage insurance policy for you and your family.
"I lost hope trying to find a mortgage insurance policy that wasn't insanely expensive. Thankfully PolicyHub helped me find the perfect policy that is affordable with high coverage. Thank you!"
Bill Barton
Policy Holder
PolicyHub is the smartest way to protect the people that matter most.
Safeguard Your Family
Mortgage insurance means safeguarding your family in a worst-case scenario. Don't risk it.
Gain Peace of Mind
Far too many Americans are financially blindsided by the death of a loved one. But not your family.
Protect Your Business
Protect your business by ensuring a smooth transition of ownership with the right mortgage insurance.
Beat Estate Taxes
Inheritance or estate taxes is burdensome for your heirs. A mortgage insurance policy can help.
Invest in Your Future
For less than $1 per day, you can make a huge contribution to your family's financial safety.
Build Your Legacy
Through a mortgage insurance policy, you can leave behind a legacy for your loved ones.
Get started in less than 5 minutes.
With PolicyHub getting started is easy. Compare all the rates from all the providers. Get started in under 5 minutes.
All your mortgage insurance needs in one place.
Private Mortgage Insurance (PMI)
PMI is your solution for buying a home with less than 20% down. It protects your lender, but also enables you to own a home sooner with less upfront cash. It's added seamlessly to your monthly mortgage payments.
FHA Mortgage Insurance Premium (MIP)
FHA's MIP is ideal for those with less-than-perfect credit scores. With an upfront premium and a smaller annual premium, MIP makes homeownership more attainable for a broad range of buyers.
USDA Mortgage Insurance
USDA Mortgage Insurance is tailored for rural homebuyers. With a manageable upfront guarantee fee and a low annual fee, it's a cost-effective way to secure your countryside dream home.
VA Funding Fee
The VA Funding Fee, unique to VA home loans, is a one-time fee that helps sustain the VA loan program for future generations of military homeowners. Depending on your service history, you may even be exempt.
"Highly HIGHLY recommend PolicyHub if you need mortage insurance. They saved me sooo much time and money on my policy, it's nuts. Comparing all the providers at once is a game changer."
Chris Stephens
Policy Holder
Introducing PolicyHub Price Match Guarantee
Our priority is to save you money while getting you the right coverage. If you find a lower rate for a similar policy anywhere else, we'll match it! With PolicyHub, you can rest assured knowing you're getting the best price.
Save time and get the best policy with the cheapest rates. Guaranteed.
 |
Option 1 | Option 2 | ||
|---|---|---|---|---|
| 100% Digital | ||||
| Licensed Agents | ||||
| Expert Support | ||||
| Get Started in 5 Minutes | ||||
| Decades of Experience | ||||
| Compare 20+ Providers | ||||
| Zero Hidden Costs | ||||
| Top Insurance Providers |
"I knew I needed mortgage insurance but I didn't know where to go. I talked with a few other companies but the cost was outrageous. I found PolicyHub and found the perfect plan for me at an affordable cost."
Wendy Smith
Policy Holder
Frequent Questions...
In Bexley, OH, there are three different types of mortgage insurance: Private Mortgage Insurance (PMI), Mortgage Insurance Premium (MIP) and Lender-Paid Mortgage Insurance (LPMI). PMI is a policy that is paid for by the borrower outside of their regular monthly mortgage payment. It is designed to protect the lender if the borrower defaults on a loan. MIP is a policy insured by the Federal Housing Administration (FHA) that requires a one-time premium payment, which is reflected in the loan's interest rate.
What is the minimum down payment to avoid a Bexley mortgage insurance policy?
In Bexley, Ohio, the minimum down payment to avoid paying for private mortgage insurance (PMI) depends on your chosen loan program. Generally, conventional loans require a 20% down payment in order to avoid PMI, however there are other loan programs available that can help you with a lower down payment. For example, you can obtain an FHA loan in Bexley that requires only a 3.5% down payment or a VA loan which does not require any down payment at all.
What are the drawbacks of a private mortgage insurance policy Bexley?
Private Mortgage Insurance (PMI) generally adds to the cost of a mortgage in Bexley, OH, since it is a type of insurance that is paid by the borrower. Additionally, the type and amount of PMI and the terms of the insurance policy vary depending on the lender, publication requirements, and certain restrictions specific to the state of Ohio. This could result in higher costs and less flexible monthly payments, potentially making a private mortgage less attractive. Moreover, there is an added stress of managing two separate payments in the form of the mortgage payment and the PMI payment.
What are the drawbacks of FHA mortgage insurance near Bexley?
In Bexley, OH, one of the drawbacks of FHA mortgage insurance is that it requires up-front mortgage insurance premiums (UFMIPs) that are usually a one-time, lump-sum payment. This expense increases the total amount of the loan and the cost of debt. Additionally, FHA mortgage insurance is permanent and doesn't decrease over time like some private mortgage insurance. Though permanent mortgage insurance is beneficial to many buyers in Bexley, OH, it may not be what others are looking for.
What are the benefits of USDA insurance from Bexley mortgage insurance companies?
For the people of Bexley, OH, the primary benefit of a USDA mortgage insurance is that it can help make buying a home more affordable. This is because the USDA mortgage insurance guarantees more of a loan, which can help reduce the down payment, interest rate, and monthly payment. Additionally, the USDA mortgage insurance also has more flexible credit and income requirements than other loan programs, which can be beneficial for those with challenged credit scores or limited resources.
Bexley, OH is an excellent place to take advantage of the excellent benefits of a VA loan. VA loans provide veteran borrowers with opportunities for more affordable borrowing and low or no down payment options. Additionally, VA loans typically have more relaxed credit and income requirements, and do not require a monthly mortgage insurance payment. This makes the loan more accessible to people in Bexley, OH who may not have the same financial opportunities as in other areas.
What can I do to lower the cost of my mortgage insurance in Bexley?
Reducing the cost of mortgage insurance in Bexley, OH starts with understanding the coverage requirements and comparing quotes for insurance. Talk to experienced insurance providers in the area to find out what discounts are available. Check with local employers about any group discounts they may offer. Talk to an experienced insurance broker for further advice. Make sure you have correct information on the property before applying for insurance, such as the estimated residence age and condition of the roof. Make sure all information is accurate and up to date. Additionally, consider raising your deductible, if required, and considering making extra payments, if possible.
Can I cancel my Bexley mortgage insurance policy early?
If you are looking to cancel your mortgage insurance early in Bexley, OH, it is possible depending on your individual financial situation. Generally speaking, if you have enough equity in your home to meet the private mortgage insurance (PMI) requirements for automatic termination, you can use a cancellation request to have your PMI removed.
Can my Bexley mortgage insurance company help me calculate my mortgage insurance cost?
Yes, your lender in Bexley, OH can help you calculate your mortgage insurance. Mortgage insurance ensures that your lender is protected if you fail to repay your mortgage. Your lender can determine what type of mortgage insurance you may need and help you understand how to calculate it. There is typically an up-front premium and an annual premium associated with this insurance. Your lender may be able to provide you with the total cost and major details related to the insurance, or they can refer you to a different lender who offers better rates.
Are there alternatives to mortgage insurance companies in Bexley?
In Bexley, OH, there are several alternatives to mortgage insurance other than traditional private mortgage insurance. One option is to make a larger down payment on the home so that the loan to value (LTV) ratio is below 80%, which would make you eligible for a loan without the need for private mortgage insurance. You could also take out a piggyback loan in conjunction with the primary mortgage loan. This means that you would take out a second loan with a larger down payment of at least 20%, which would also enable you to avoid private mortgage insurance.
Compare Life Insurance Policies
Get started today and compare over 37 life insurance providers in as little as 15 minutes.
© 2024 PolicyHub - all rights reserved